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Rita Guastella Of Coldwell Banker Facilitates $1.2M Multifamily Sale In Cambridge, MA
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily2,300 SF
Sold 06/06/2024
SOLD
Rita Guastella Of Coldwell Banker Facilitates $1.2M Multifamily Sale In Cambridge, MA
14 Bay State Road
See Similar DealsMultiFamily2,300 SF
Sold 06/06/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$521
Total Square Footage:2,300 SF
Transaction Type:Sale
14 Bay State Rd in Cambridge, MA, was recently sold for $1,200,000. This 2-family property features 5 bedrooms, 4 baths, and spans 2,300 square feet. The interior boasts crown molding, wainscoting, marble countertops, and in-unit laundry, making it an attractive investment opportunity with current rental income below market value.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 2
- Price Per Unit: $600,000
- Square Footage: 2,300
- Price Per Square Foot: $522
- Address: 14 Bay State Road, Cambridge, MA
- Market: Cambridge, MA
- Broker: Rita Guastella - Coldwell Banker
Rita Guastella of Coldwell Banker represented the parties involved in the transaction, facilitating the sale of this lucrative property in Cambridge, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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